Overview

Credit check: Though renewed borrowing will boost demand, regulatory threats remain

IBISWorld’s Credit Unions market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Changes in the regulatory environment will shape the direction of this industry in the coming years
  • Smaller credit unions have found it hard to compete with larger credit unions and commercial banks
  • Smaller establishments will be absorbed by larger, better-capitalized credit unions

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    Industry Analysis & Industry Trends

    The Credit Unions industry has been going through a transition over the past five years. Amid a dynamic post-recession regulatory environment and historically low interest rates, credit unions have had to rely on other sources of revenue to generate a return for their members. Over the next five years, changes in the regulatory environment will shape the direction of this industry. Recent proposals to increase reserve capital requirements for credit unions have provoked a strong response from industry operators, which have lobbied for less stringent regulations. Despite a challenging regulatory landscape, industry revenue is expected to over the five years to 2021...

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    Industry Report - Industry Locations Chapter

    IBISWorld estimates that in 2016, the largest concentration of establishments is in the Southeast region, accounting for 24.2% all locations nationwide. Part of the reason for this region's significance is that it is home to the largest number of states (12), including the large, densely populated states of Florida, North Carolina and Virginia, where demand for financial services is high. The state of Florida is particularly important to the Credit Unions industry, accounting for 4.7% of total establishments.

    The Great Lakes is the second-largest geographic region for credit union operators, holding an estimated 17.7% of establishments. Within this region, Michigan, Illinois and Ohio possess the vast majority of industry establishments, with Michigan accounting for 4.9% o..

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    Additional Insights for the Credit Unions Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Unions Industry are

  • Superior financial management and debt management
  • Ability to raise revenue from additional sources
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Aggregate household debt and External competition for the Credit Unions industry in the Credit Unions industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Credit Unions Industry?

    This industry comprises financial institutions known as credit unions or cooperatives. Credit unions are member-owned and provide banking services, which primarily include deposit taking and lending, to these same members.

    Industry Products
    New vehicle loans
    Used vehicle loans
    First-mortgage loans
    Second-mortgage loans
    Home-equity loans
    Unsecured loans
    Other loans
    Industry Activities
    Accepting members' share deposits
    Offering members consumer loans

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Aggregate household debt
  • External competition for the Credit Unions industry
  • House price index
  • New car sales
  • Prime rate

  • Current Performance
  • Interest rates
  • Membership growth
  • Industry consolidation
  • Regulation
  • Chart: Revenue Growth

  • Industry Outlook
  • Increased membership
  • Rising rates
  • Table: Credit Unions Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Unions Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Home Builders
  • New Car Dealers
  • Consumers

  • Key Selling Industries
  • Finance and Insurance
  • IT Consulting
  • Professional Employer Organizations

  • Products & Services
  • First-mortgage loans
  • Used vehicle loans
  • New vehicle loans
  • Unsecured loans
  • Other loans
  • Home-equity loans
  • Second-mortgage loans
  • Chart: Credit Unions Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential market
  • Multiple-group market
  • Occupational market
  • Associational market
  • Chart: Major Market Segmentation for the Credit Unions Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Interest expense
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Credit Unions

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Unions Industry

  • Industry Globalization
    Major Companies
    Navy Federal Credit Union
  • Table: Navy Federal Credit Union - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Unions Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Credit Unions Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Investor uncertainty (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Fixed Rate Loan
  • A type of loan in which the interest rate that is paid on the outstanding balance is fixed.
  • Interest Rate
  • A rate charged on funds borrowed (lended) that is repaid (paid out) over and above the principal amount borrowed (lended).
  • Mortgage
  • A loan financing the purchase of real estate with specified payment periods and a fixed or variable interest rate.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Credit Unions:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Unions market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Unions, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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